Treasury’s $2 trillion stablecoin vision meets a reality check as USD1 depegs

World Liberty Financial’s stablecoin USD1 slipped to $0.994 on Feb. 23. Update (March 2, 2026, 09:43): A new attestation expanded the public record on USD1’s reserves and supply, and a Senate Banking hearing added fresh scrutiny to the project’s trust-bank bid; the unresolved question is still how resilient redemption access is when trading turns one-sided. […]